#xauusd # For the dip signal formed in the daily, the 3938 level is important. Staying above it indicates that the signal is preserved.


On pullbacks, the first support zone is the 4043-3988 Fibonacci levels. On the 4-hour chart, we will be tracking the 4220-4382 resistances. If closes come in above 4382, then according to the last downtrend wave on the 4-hour chart, the first higher high would have formed. This will be one of the signals indicating that the uptrend will continue.
When price stays above the falling blue trend during the rally, it will also break the falling diagonal trendline. In this case, further continuation of the uptrend may be expected. And it could attempt the previous peak again.
On the weekly chart, as long as it stays above the 3887 level, it means the rising trend is being maintained.
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